Ray Dalio Bridgewater Associates
Ray Dalio is the founder of Bridgewater Associates, one of the world’s largest hedge funds, known for its unique “principles-based” culture and systematic investment approach. Dalio’s investment philosophy emphasizes diversified portfolios, risk parity, and the importance of understanding economic cycles in shaping investment decisions. He has authored several books, including “Principles: Life & Work,” in which he details his management philosophies, personal experiences, and life lessons.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$61.9M |
| 2 |
Coca-Cola
KO
|
+$46.9M |
| 3 |
Broadcom
AVGO
|
+$46.8M |
| 4 |
SLB Ltd
SLB
|
+$40.3M |
| 5 |
Netflix
NFLX
|
+$40.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$76.6M |
| 2 |
Johnson & Johnson
JNJ
|
+$75.4M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$49.3M |
| 4 |
Tradeweb Markets
TW
|
+$48M |
| 5 |
Visa
V
|
+$40.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 26.52% |
| 2 | Healthcare | 20.27% |
| 3 | Consumer Discretionary | 12.77% |
| 4 | Technology | 5.33% |
| 5 | Financials | 4.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
A.O. Smith
AOS
$8.7B
| $437K | ﹤0.01% |
+6,604
| New | +$469K |
|
|
CTLT
702
DELISTED
CATALENT, INC.
CTLT
| $435K | ﹤0.01% |
9,548
+14
| +0.1% | +$654 |
|
703
Jefferies Financial Group
JEF
$13.1B
| $428K | ﹤0.01% |
11,696
+2,237
| +24% | +$80.1K |
|
704
Avery Dennison
AVY
$13.4B
| $415K | ﹤0.01% |
2,274
-411
| -15% | -$74.4K |
|
705
ExxonMobil
XOM
$634B
| $414K | ﹤0.01% |
3,518
-114,806
| -97% | -$12.6M |
|
706
Whirlpool
WHR
$2.82B
| $408K | ﹤0.01% |
+3,053
| New | +$431K |
|
707
Ultragenyx Pharmaceutical
RARE
$2.55B
| $406K | ﹤0.01% |
11,389
-573
| -5% | -$22.7K |
|
708
GATX Corp
GATX
$6.27B
| $400K | ﹤0.01% |
3,677
-538
| -13% | -$65K |
|
709
Asbury Automotive
ABG
$3.85B
| $392K | ﹤0.01% |
1,705
-571
| -25% | -$130K |
|
710
ConocoPhillips
COP
$141B
| $372K | ﹤0.01% |
3,106
-219,471
| -99% | -$25.5M |
|
711
Motorola Solutions
MSI
$77.4B
| $356K | ﹤0.01% |
1,308
-19,513
| -94% | -$5.56M |
|
712
Tractor Supply
TSCO
$18.1B
| $356K | ﹤0.01% |
+8,765
| New | +$380K |
|
713
BlackBerry
BB
$5.26B
| $354K | ﹤0.01% |
74,473
+7,902
| +12% | +$38.8K |
|
714
UDR
UDR
$12.3B
| $352K | ﹤0.01% |
9,878
+240
| +2% | +$9.57K |
|
715
Newell Brands
NWL
$2.56B
| $343K | ﹤0.01% |
38,022
+5,907
| +18% | +$58.8K |
|
716
T. Rowe Price
TROW
$24.3B
| $338K | ﹤0.01% |
+3,225
| New | +$363K |
|
717
Agnico Eagle Mines
AEM
$90.5B
| $338K | ﹤0.01% |
7,431
-1,287
| -15% | -$63.1K |
|
718
Alnylam Pharmaceuticals
ALNY
$29.3B
| $334K | ﹤0.01% |
1,886
+90
| +5% | +$17.2K |
|
719
Allstate
ALL
$67.5B
| $328K | ﹤0.01% |
+2,942
| New | +$321K |
|
720
FMC
FMC
$1.33B
| $324K | ﹤0.01% |
+4,832
| New | +$419K |
|
721
Zoom
ZM
$30.6B
| $301K | ﹤0.01% |
4,299
-39,757
| -90% | -$2.76M |
|
722
Constellium
CSTM
$3.99B
| $294K | ﹤0.01% |
16,158
-3,254
| -17% | -$57.4K |
|
|
HPP
723
Hudson Pacific Properties
HPP
$779M
| $289K | ﹤0.01% |
6,215
-670
| -10% | -$28.8K |
|
724
Cenovus Energy
CVE
$52.1B
| $286K | ﹤0.01% |
13,658
-379,916
| -97% | -$7.26M |
|
725
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.92B
| $283K | ﹤0.01% |
3,126
-753
| -19% | -$69K |
|
Similar funds
Ray Dalio's Q3 2023 Portfolio in Review
As of Q3 2023, Ray Dalio held 826 positions worth $16.5B, up 2.2% from $16.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ray Dalio deployed $1.1B of net new capital in Q3 2023, opening 130 new positions and adding to 388 existing holdings. Its largest new stake was Broadcom: 540,410 shares worth $44.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 27% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Vanguard FTSE Emerging Markets ETF, an estimated $76.6M trimmed.
- Ray Dalio's largest Q3 2023 buy was Broadcom: 540,410 shares worth $44.9M.
- Ray Dalio added most to iShares Core MSCI Emerging Markets ETF in Q3 2023, an estimated $61.9M increase.
- Ray Dalio's biggest Q3 2023 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $76.6M.
- Ray Dalio fully exited Corteva in Q3 2023, selling an estimated $19M.
- Ray Dalio's ten largest holdings make up 34% of its $16.5B portfolio in Q3 2023.
- Ray Dalio opened 130 new positions and closed 86 in Q3 2023.
- Ray Dalio's portfolio value rose 2.2% quarter-over-quarter to $16.5B.
Based on Bridgewater Associates's 13F filing for Q3 2023, filed 13 Nov 2023.